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Which MBAs Make More: Consultants or Small-Business Owners?

Harvard Business Review

It includes other aspects such as: how much you enjoy your career, whether it provides fulfillment, how much flexibility you get and how much influence you have over what you do and when you do it. Compensation is, of course, more than money. What happens if we take into account the timing of the cash flows?

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business Review

But having a grasp of terms like EBITDA and net present value are important no matter where you sit on the org chart. ” Joe Knight, a partner and senior consultant at the Business Literacy Institute and the coauthor of Financial Intelligence , says that an absence of financial savvy is “career-limiting.”

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Is Your Business Biased Against Innovation?

Strategy Driven

Many conventional metrics we use to estimate value are based on faulty assumptions. Net present value [NPV] is a case in point. Your career depended on that business going forward, and the numbers that mattered had to do with the performance of that business, not with Sony as a whole. Take a doctor’s office.